E-commerce software platform provider BigCommerce (NASDAQ: BIGC) will be reporting earnings tomorrow before market open. Here’s what you need to know. BigCommerce met analysts’ revenue expectations last quarter, reporting revenues of $87.03 million, up 3.4% year on year. It was a weaker quarter for the company, with full-year guidance of slowing revenue growth and a miss of analysts’ billings estimates. Is BigCommerce a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting BigCommerce’s revenue to grow 2.6% year on year to $82.49 million, slowing from the 12% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.BigCommerce Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BigCommerce has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average. Looking at BigCommerce’s peers in the sales and marketing software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GoDaddy delivered year-on-year revenue growth of 7.7%, beating analysts’ expectations by 0.6%, and VeriSign reported revenues up 4.7%, in line with consensus estimates. GoDaddy traded down 8.5% following the results while VeriSign was up 8%. Read our full analysis of GoDaddy’s results here and VeriSign’s results here. There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 17% on average over the last month. BigCommerce is down 2% during the same time and is heading into earnings with an average analyst price target of $7.95 (compared to the current share price of $5.03). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. View Comments
BigCommerce (BIGC) Reports Q1: Everything You Need To Know Ahead Of Earnings
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